LONDON (Reuters) -Canadian miner Teck Resources, the target of an unsolicited takeover bid by Glencore, narrowly missed first-quarter estimates on Wednesday, hit by lower prices, weak copper and zinc[...]
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April 26, 2023
VW’s Skoda aims for six electric vehicle models by 2026
PRAGUE (Reuters) – Czech carmaker Skoda Auto, part of German group Volkswagen, wants to expand its electric vehicle range to six models by 2026, the company said, further boosting its ambitions[...]
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Assa Abloy Q1 beats forecast helped by higher sales and lower costs
COPENHAGEN (Reuters) – Sweden’s Assa Abloy, the world’s biggest lockmaker, on Wednesday reported a smaller drop than expected in first-quarter operating profit following a “ver[...]
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Swiss regulator says two banks’ crisis plans are insufficient
ZURICH (Reuters) – Swiss financial regulator FINMA has labelled the recovery and resolution plans of two of Switzerland’s five systematically important banks as insufficient, it said on We[...]
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LG Display talks up H2 recovery hopes after 4th straight quarterly loss
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korean display panel maker LG Display on Wednesday pinned hopes for a second-half turnaround on the tech sector replenishing depleted inventories[...]
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Analysis-Debt ceiling worries bubble up in US stock options market
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Worries over a debt ceiling showdown are creeping into U.S. options markets, as investors grow increasingly concerned that lawmakers will be unable to h[...]
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Handelsbanken scores profit beat as interest income climbs
STOCKHOLM (Reuters) -Swedish bank Handelsbanken reported first-quarter net profit above market expectations on Wednesday on the back of climbing interest income and said its credit quality remained go[...]
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Republican debt ceiling bill delayed in U.S. House panel, prospects uncertain
By David Morgan and Katharine Jackson WASHINGTON (Reuters) -A Republican bill authorizing a $1.5 trillion increase to the U.S. debt ceiling, coupled with deep spending cuts over a decade, hit a snag l[...]
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Marketmind: Wowed by tech, worried by banks
A look at the day ahead in European and global markets from Vidya Ranganathan The steady stream of bad news from banks continues to cast a pall over markets this week, even as global tech giants surpr[...]
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